Nominee Services is a system of contractual legal agreements between directors/shareholders and an economic beneficiary. This is a situation in which someone other than the owner runs the business effectively and is therefore appointed director. The same procedure can be used for directors and shareholders. Appointed director or director of “third party,” as he is more often called, is a separate person who is officially registered and acts as director/manager of the offshore unit. The system of contractual agreements between appointed directors/shareholders and actual beneficiaries has been known since the first use of straw men. But it was only in the second half of the last century, at the beginning of the offshore industry, that this concept became its classic form. Most reputable international clients need more than one name, which is why we only offer guaranteed, highly acceptable and professional AAA nominees, with complete KYC approval and global acceptance. In addition to the general powers, the designated director may also issue special powers with limited powers to manage the business of the company (including the power to make only a specific agreement). They would contain information on who is entitled to represent certain interests of the company for a defined period of time. The number of powers, the extent of their powers, the identity of lawyers and the duration of validity are all at the sole discretion of the economic beneficiary. Nominee Service is an intermediary instrument of ownership and management, i.e. the appointment to official positions in the company (director, president, secretary) or as a shareholder, appointees, both physically and legally. The designated shareholder is the designated owner of the shares.

The designated shareholder holds shares registered in his name for the benefit of another person, the economic beneficiary, under a trust contract. Nominee Director is the nominal governing body of the company that acts on written and/or oral instructions of the economic beneficiary. Nominee Director signs the document with the economic beneficiary (letter of compensation) that compensates the nominee director of any type of claims of the authorities, creditors, etc. The institution of directors and appointed shareholders has long existed and has been developed in many countries, including Great Britain, Ireland, Cyprus. It is not necessary for a nominee director or a shareholder to be at the same residence: for example, the director of a Panamanian company may be a citizen of the Republic of Cyprus. In general, Russian customers request the Nomin service so as not to link their names to a foreign company. There are a number of reasons for this: the appointment of a candidate is also an obvious choice if it is advantageous for the planned business of the company – for example, you have to prove that the company is managed and controlled by the jurisdiction of its creation; or you intend to establish representation in another country and you are not willing to act as a director, etc. The registration of a company with nominee Director Services is instead indicated on the official records, the names of those people who officially have control of the company. In addition, in order to insure customers who use Nominee Directors services, we will grant a general power of attorney, such a document will grant control of the business to the UBO of the beneficial owner. The Nominee Director Service is used to ensure the highest level of confidentiality and confidentiality, since the director`s name appears in company documents, in each enterprise contract and finally in the court`s business register. Another advantage of using a nominated service is to firmly place the issue of “management and control” outside of great fiscal sovereignty.